- Elgar original reference
Edited by Friederike Welter and David Smallbone
12 Conclusions and outlook David Smallbone and Friederike Welter PUBLIC POLICY AND ENTREPRENEURSHIP IN THE WIDER EUROPE The chapters selected for inclusion in this handbook demonstrate the variety of ways in which policy makers can influence the nature and extent of entrepreneurship development, both directly through direct interventions and indirectly through their influence on the environment for entrepreneurship, even if sometimes their influence is inadvertent. This is illustrated, for example, in Chapter 11 on Ukraine where Isakova argues that some regulations have a greater impact on women entrepreneurs because of their sectoral specializations. To be effective, creating a facilitating environment for entrepreneurship also requires close cooperation between national and local policy makers, since it is at the local level that entrepreneurs typically come into contact with public policy, as well as being highly susceptible to the effects of the local economic context. Whilst this once again emphasizes the importance of the institutional dimension, it also draws attention to the need for policy to be sensitive to local conditions, which is a key theme in Chapter 2. As Hofer and Welter point out, where public policy involves the state working in partnership with other key players, this sometimes results in conflicts because of differences in the goals of public and private sector actors. The chapter demonstrates the challenges faced as the relationship between the state and business activity needs to be redefined and the mechanisms and institutions required implementing policies in a market environment to be established. Whilst some chapters in...
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